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10-Unit Multifamily Property Package
For Sale
$575,000

314 E PINE, Cadillac, MI 49601

CADILLAC, MI

Property Size6,100 SF
Price / SF$94.26
Days on Market55

Property Features for 314 E PINE

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Subdivision Cadillac
Standard status Active
Size 6,100 SF

Building Details

Year built 1900
Listing Agency: Cadillac · Coldwell Banker Real Estate
Listed By: Michael McGuire · License #6501379230
Added: Aug 13 Changed: Aug 19 Last Checked: Oct 6 at 3:06AM
MLS# 1947340

Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This offering brings together three multifamily properties containing 10 rental units in total. The listed property measures 6,100 square feet and dates to 1900. Nine of the 10 units are currently leased, providing an existing occupancy base across the package.

The properties are located within three blocks of downtown Cadillac, placing shopping, dining, entertainment, and employment opportunities close to the rental units. Off-street parking is available, and the buildings are positioned near one another for streamlined oversight. Additional package information is identified through MLS #1947288 and MLS #1947339.

Key Highlights

  • Three multifamily properties with 10 rental units total
  • 9 of 10 units currently leased
  • 6,100 square feet listed property

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Bakery Kitchen & Bath Showroom Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units
90%
Occupancy

Location Intelligence

Trade Area within ½ mile

835
Businesses Nearby

Demographics for 49601, MI

21,564
Population
10,734
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
91%
High-School Grad
220.0 sq mi
ZIP Area
98
Density / Sq Mi
$65,704
Median Household Income
$37,347
Median Earnings
$856
Median Rent
$166,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three established rental properties offer off-street parking near downtown Cadillac.
Where is this multifamily property located?
The property is located at 314 E PINE Cadillac, MI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three multifamily properties with 10 rental units total; 9 of 10 units currently leased; 6,100 square feet listed property
More about this property
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